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Belhay, Penryn

South West

£325,000

Listed on 14/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1017 sqft

Description

This detached three-bedroom dormer bungalow presents a promising refurbishment project in a desirable and tranquil location. Positioned on a corner plot, it includes a garage and driveway parking, alongside gardens extending around three sides of the property. The layout features an enclosed porch that leads into a central hallway, providing access to the living room, two ground floor bedrooms, and the family bathroom, with a staircase ascending to the third bedroom on the upper level. While the property requires extensive refurbishment throughout, it offers remarkable potential for modernization and possibly extension, dependent on obtaining the necessary permissions. Nestled in a sought-after area of Penryn, this home is conveniently close to local amenities, schools, and transport links, as well as the scenic harbours of both Penryn and nearby Falmouth. This represents a rare chance to secure a detached bungalow ripe for transformation in an established neighborhood; early viewings are encouraged.

Investment analysis

(TR10 area)

Below Market Value

This property is priced -7.3% below area average per sq ft

-7.3%
Potential saving
This Property
£320/sq ft
Area Average
£345/sq ft
Avg Rent (weekly)
£366
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£385,784
10% above area average per sq ft
Potential ROI
-7.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR10)

Area prices are rising by +12.6% over the last 12 months
3 year growth: +5.2%
5 year growth: +19.2%
Investment Disclaimer: Analysis based on TR10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Belhay, Penryn
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,228
Based on a loan of £243,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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